WaievolutionNo I am not happy with NODs performance at the...

Waievolution
No I am not happy with NODs performance at the moment. I expected a much better Half Year result, but obviously it is going to take more time to turn things around. There cash flow at the moment is a big worry and the bank isn't going to take this lightly as stated in the report "As a consequence of the reported losses, Nomad has breached the earnings and interest cover covenants within
its banking facilities. The Company is currently in constructive discussions with its bank about revising the
parameters under which Nomad?s banking facilities will operate in the future. The bank is aware of the likely
timeframe needed to complete the Company?s turn-around and deliver improved financial performance.
Nomad?s bank facilities are due for renewal on 29 July 2011".
The only hope is that NOD can pick up some of the abundant work that must be out there. I will hold for now on the hope that this happens.